Re:GE freezes pension benefits for 20k employees
by technofiend on Monday October 07, 2019 @08:11PM
(#21187366)
Freezing stock to prevent insider trading is one thing... Freezing it to prevent a stock price crash and buy the company a few more days at the expense of employees is another.
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Re:GE freezes pension benefits for 20k employees
by javagram on Tuesday October 08, 2019 @09:27AM
(#21192021)
In the case of a company going bankrupt I could certainly seeing the lawyers ordering a trading freeze to prevent insider trading.
That said, I looked it up and it seems like the claim at the time was there was an “administrative change” to the plan during that period, so not what I speculated it might be.